- CUSIP
- 77957Q301
- Issuer
- T. Rowe Price
- Inception Date
- Aug 28, 2015
- Category
- Small Cap Value Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- Russell 2000 Value Index
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Small-Cap
- Asset Class Style
- Value
Share Price Chart
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Performance
PRVIX Performance Chart
T. Rowe Price Small-Cap Value Fund Class I (PRVIX) is up 15.9% since the beginning of the year. PRVIX is currently trading at $59 per share. Investors who bought $1,000 worth of PRVIX shares 5 years ago would now be looking at an investment worth $1,357.
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Returns By Period
T. Rowe Price Small-Cap Value Fund Class I (PRVIX) has returned 15.93% so far this year and 33.07% over the past 12 months. Over the last ten years, PRVIX has returned 10.61% per year, falling short of the S&P 500 Index benchmark, which averaged 13.75% annually.
T. Rowe Price Small-Cap Value Fund Class I
- 1D
- -0.37%
- 1M
- 1.81%
- YTD
- 15.93%
- 6M
- 16.73%
- 1Y
- 33.07%
- 3Y*
- 15.96%
- 5Y*
- 6.29%
- 10Y*
- 10.61%
Benchmark (S&P 500 Index)
- 1D
- 0.13%
- 1M
- 5.25%
- YTD
- 11.16%
- 6M
- 11.43%
- 1Y
- 28.20%
- 3Y*
- 21.12%
- 5Y*
- 12.66%
- 10Y*
- 13.75%
PRVIX Monthly Returns History
Based on dividend-adjusted daily data since Aug 28, 2015, PRVIX's average daily return is +0.05%, while the average monthly return is +0.97%. At this rate, an investment would double in approximately 6.0 years.
Historically, 61% of months were positive and 39% were negative. The best month was Nov 2020 with a return of +13.7%, while the worst month was Mar 2020 at -22.0%. The longest winning streak lasted 9 consecutive months, and the longest losing streak was 4 months.
On a daily basis, PRVIX closed higher 52% of trading days. The best single day was Mar 24, 2020 with a return of +8.1%, while the worst single day was Mar 16, 2020 at -12.7%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 7.19% | 1.02% | -4.14% | 9.55% | 2.33% | -0.37% | 15.93% | ||||||
| 2025 | 4.12% | -4.49% | -5.08% | -3.78% | 3.99% | 3.64% | 0.27% | 6.64% | 1.27% | -0.18% | 3.12% | -0.62% | 8.44% |
| 2024 | -3.51% | 3.08% | 4.50% | -6.03% | 4.17% | -1.19% | 9.49% | -0.21% | 1.11% | -1.01% | 9.54% | -7.85% | 10.96% |
| 2023 | 9.56% | -1.36% | -7.32% | -1.27% | -2.79% | 8.05% | 6.16% | -4.80% | -5.44% | -5.08% | 7.57% | 10.96% | 12.46% |
| 2022 | -7.74% | 0.90% | -0.30% | -7.33% | 1.32% | -7.79% | 9.11% | -2.40% | -8.90% | 9.08% | 3.05% | -6.89% | -18.42% |
| 2021 | 0.09% | 9.47% | 2.70% | 3.52% | 1.17% | 0.42% | -0.85% | 3.13% | -0.77% | 5.07% | -3.53% | 3.19% | 25.60% |
Benchmark Metrics
T. Rowe Price Small-Cap Value Fund Class I has an annualized alpha of -1.46%, beta of 0.98, and R2 of 0.72 versus S&P 500 Index. Calculated based on daily prices since August 31, 2015.
- This fund participated in 108.32% of S&P 500 Index downside but only 97.46% of its upside - more exposed to losses than it benefited from rallies.
- With beta of 0.98 and R2 of 0.72, this fund moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- -1.46%
- Beta
- 0.98
- R²
- 0.72
- Upside Capture
- 97.46%
- Downside Capture
- 108.32%
Expense Ratio
PRVIX has an expense ratio of 0.66%, placing it in the medium range.
Return for Risk
Risk / Return Rank
PRVIX ranks 60 for risk / return — better than 60% of mutual funds on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for T. Rowe Price Small-Cap Value Fund Class I (PRVIX) and compare them to S&P 500 Index.
| PRVIX | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.06 | 2.39 | -0.33 |
Sortino ratioReturn per unit of downside risk | 2.96 | 3.25 | -0.29 |
Omega ratioGain probability vs. loss probability | 1.36 | 1.43 | -0.07 |
Calmar ratioReturn relative to maximum drawdown | 3.85 | 3.11 | +0.73 |
Martin ratioReturn relative to average drawdown | 14.35 | 14.38 | -0.04 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Dividends
Dividend History
T. Rowe Price Small-Cap Value Fund Class I provided a 10.45% dividend yield over the last twelve months, with an annual payout of $6.18 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $6.18 | $6.18 | $5.24 | $1.76 | $2.65 | $4.41 | $1.12 | $2.26 | $3.83 | $1.86 | $1.75 | $8.21 |
Dividend yield | 10.45% | 12.11% | 9.96% | 3.40% | 5.54% | 7.15% | 2.12% | 4.72% | 9.61% | 3.79% | 3.88% | 22.61% |
Monthly Dividends
The table displays the monthly dividend distributions for T. Rowe Price Small-Cap Value Fund Class I. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $6.18 | $6.18 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $5.24 | $5.24 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.76 | $1.76 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.65 | $2.65 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $4.41 | $4.41 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the T. Rowe Price Small-Cap Value Fund Class I. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the T. Rowe Price Small-Cap Value Fund Class I was 40.95%, occurring on Mar 23, 2020. Recovery took 162 trading sessions.
The current T. Rowe Price Small-Cap Value Fund Class I drawdown is 0.84%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -40.95%Mar 2020 | 2mo 6d | 7mo 22d | 9mo 28dJan 2020 - Nov 2020 |
2023 bear market2023 | -28.00%Oct 2023 | 1y 11mo | 1y 11d | 2y 12moNov 2021 - Nov 2024 |
2025 selloff2025 | -24.57%Apr 2025 | 4mo 13d | 7mo 24d | 1y 2dNov 2024 - Nov 2025 |
Rate-hike selloffLate 2018 | -24.30%Dec 2018 | 3mo 21d | 11mo 28d | 1y 3moSep 2018 - Dec 2019 |
2016 correction2016 | -16.14%Feb 2016 | 2mo 11d | 3mo 21d | 6mo 2dDec 2015 - Jun 2016 |
Drawdown Indicators
| PRVIX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.95% | -56.78% | +15.83% |
Max Drawdown (1Y)Largest decline over 1 year | -8.93% | -9.10% | +0.17% |
Max Drawdown (3Y)Largest decline over 3 years | -24.57% | -18.90% | -5.67% |
Max Drawdown (5Y)Largest decline over 5 years | -28.00% | -25.43% | -2.57% |
Max Drawdown (10Y)Largest decline over 10 years | -40.95% | -33.92% | -7.03% |
Current DrawdownCurrent decline from peak | -0.84% | 0.00% | -0.84% |
Average DrawdownAverage peak-to-trough decline | -8.33% | -10.72% | +2.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.39% | 1.97% | +0.42% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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